Please share your advise/opinion on a possibility to utilizing the space.I’m also thinking about upgrading the basement but not sure where to start.

You are making a grave mistake by looking too far ahead right now, without capital, because that usually means you aren't focused on upgrading and securing your first asset.

To truly achieve higher rents, you often have to spend a significant amount upgrading units. 

The plan was to complete flooring, electrical upgrades, new kitchen and bathroom, exterior fascia work, and some new windows, with a target listing date of June 15th.Update (5/12/24):The property has been stabilized since June 1st of the previous year with great tenants in place.

Right now we use the "opt-out" language but we will more than likely be upgrading to take that out.

This guy is in class action lawsuit LOLHis typical way of making money, over valuing the RE by selling it to folks like you and me lol But he has an awesome G 550 or maybe he upgraded to a G 650  you don't buy those suckers with smoke and mirrors..

We needed an upgraded 200amp electrical panel ($5-8k), extended water and sewer for the garage ($5k), built out interior ($7k?)

You're probably going to say that you wanted to upgrade everything, so you didn't have to worry about it in the future. 

If you are working with an agent, you can express your contempt for the current owner's decorating skills and rant about how much it'll cost you to upgrade the home without insulting the owner.

While it’s running, it displays on your Lock Screen, which you can tap to jump right back to it.The pro upgrade, which allows data export among other things, is only a one time $5.